L&T, partners win mega KG basin deepwater project from ONGC

L&T, partners win mega KG basin deepwater project from ONGC

2018-10-04T09:49:54+00:00 On

Larsen & Toubro said it, along with its consortium  partners Baker Hughes and McDermott International, has won the contract for constructing one of India’s largest deepwater oil and gas projects. The contract is for construction at ONGC’s KG DWN-98/2 basin that lies…

Vedanta wins 41 oil exploration blocks in OALP for Rs 3,900 cr

Vedanta wins 41 oil exploration blocks in OALP for Rs 3,900 cr

2018-08-29T12:41:03+00:00 On

Vedanta Limited, which operates the country’s largest on-shore petroleum mining facility, said it has emerged as the favored bidder to explore 41 oil and gas blocks in India at a cost of US$551 million (Rs 3,900 cr) over the next six years,…

Reliance Power wins Rs 390 cr arbitration against Indonesian coal group

Reliance Power wins Rs 390 cr arbitration against Indonesian coal group

2018-08-23T10:19:12+00:00 On

Reliance Power said it has been awarded damages of $56 Million, or about Rs 390 cr, by an arbitration panel in Singapore in relation to the acquisition of three mines in Indonesia. Reliance Power, an Anil Ambani Group company, had signed an…

GAIL awards Rs 125-cr pipeline order to Ratnamani

2018-08-16T18:21:46+00:00 On

GAIL India Ltd said it awarded the first contract for purchase of the 108 km, 24-inch diameter pipes under the Barauni—Guwahati segment of the Jagdishpur—Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project to M/s Ratnamani for Rs 125 crore. “Line pipe procurement…

Nalco says facing a ‘coal crisis’ due to govt’s supply prioritization

Nalco says facing a ‘coal crisis’ due to govt’s supply prioritization

2018-08-01T20:10:33+00:00 On

Government of India’s NALCO, or National Aluminium Company, said its primary Aluminium smelter plant at Angul in Orissa is facing a ‘crisis’ due to the the shortage of coal to produce power. Smelting of alumina into aluminium is one of the most…

23 GW of solar parks sanctioned in India, Gujarat No.1

23 GW of solar parks sanctioned in India, Gujarat No.1

2018-07-27T15:59:30+00:00 On

Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India, according to numbers from the Minister of New and Renewable Energy. According to data for Government of India’s “Solar Parks and Ultra Mega…

Dealers getting petrol at Rs 36.68/liter, diesel at Rs 39.77/liter-Govt

Dealers getting petrol at Rs 36.68/liter, diesel at Rs 39.77/liter-Govt

2018-07-24T11:30:32+00:00 On

The price of petrol charged to the dealers, before taxes and deal commission, is Rs 36.68 per liter in India as of July 16, while that of diesel was Rs 39.77, ministry of petroleum and natural gases has revealed. However, on that…

Indian MPs question govt over stopping crude oil imports from Iran

Indian MPs question govt over stopping crude oil imports from Iran

2018-07-23T12:59:08+00:00 On

Government of India has faced questions from members of parliament on reports that it has asked state-owned refiners to get ready to stop importing crude oil from Iran in the face of pressure from the United States. A question from Lok Sabha…

Reliance Industries 10 rupees away from $100 bln market cap, after TCS

Reliance Industries 10 rupees away from $100 bln market cap, after TCS

2018-07-12T10:57:25+00:00 On

Three months after Tata Consultancy Services became the first Indian company to achieve a market capitalization of $100 bln (Rs 6.85 lakh cr), Reliance Industries is close to the $100 bln mark as well. At present, there are only around 100 companies…

BSES, partner suggest bill-based financing of rooftop solar projects

BSES, partner suggest bill-based financing of rooftop solar projects

2018-07-03T15:40:13+00:00 On

Households owning rooftop solar systems could save up to 95 per cent on their electricity bills, according to an independent study by Council on Energy, Environment and Water (CEEW) and BSES Yamuna Power Limited . Solar system costs have declined by 27…